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19 January 2021 • By Lachlan Maddock • 1 min read

COVID consequences ‘will come home to roost’

Markets are enjoying an easy ride despite the economic damage wreaked by COVID-19, but “there will be a reckoning”.  Munro Partners chief ...

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Stronger social practices pull higher returns

New research has shown that companies with good or improving social practices can potentially add up to 17 bps each month to investment returns

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Citi revenue flatlines 

Citigroup saw its revenues stay steady through the 2020 year, while its net income plummeted by 41 per cent.  The multinational wealth and banking ...

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ACSI warns of ‘significant damage’ over harassment

The Australian financial services have been warned to clean up their act in the wake of a number of bombshell sexual harassment claims.  Following ...

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Investors ‘seem oblivious’ to pandemic risk: Douglass

Magellan chairman and CIO Hamish Douglass has said he’s not afraid of missing out on a “short-term market rally” and that mutant virus strains pose ...

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BlackRock assets swell to $11.1tn

BlackRock has reported a 17 per cent growth in its assets under management for the past year, now reaching US$8.7 trillion ($11.1 trillion). The ...

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Pendal records $5bn FUM lift

Pendal Group has closed the December quarter with a $5 billion increase to its funds under management, a rise of 5.4 per cent.  The firm reported a ...

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Citi merges wealth businesses

Citigroup has formed a single wealth unit, consolidating its global consumer banking and institutional clients divisions.  The new segment, Citi ...

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IOOF exec named in sexual harassment complaint

IOOF’s deputy chief investment officer has been named in a sexual harassment complaint in a case echoing the allegations that rocked AMP through 2020

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Frydenberg banks on $200bn in savings to carry recovery

The Treasurer is counting on pent-up demand carrying Australia’s recovery across the line as JobKeeper ends and borders slam shut. Treasurer Josh ...

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